2337 31st Avenue, Long Island City, NY 11106
Local realty services provided by:Bon Anno Realty ERA Powered
2337 31st Avenue,Long Island City, NY 11106
$1,750,000
- - Beds
- - Baths
- 2,108 sq. ft.
- Multi-family
- Active
Listed by: pavlos milonakis
Office: halvatzis realty inc
MLS#:965832
Source:OneKey MLS
Price summary
- Price:$1,750,000
- Price per sq. ft.:$830.17
About this home
R6A Development Site with Condo Upside
Prime Astoria R6A Development Opportunity – 25’ Wide Lot
Exceptional opportunity to acquire a 25’ x 91 (approx. 2,293 sq ft) parcel in the heart of Astoria, zoned R6A and offering approximately 6,800–6,900 buildable square feet (as-of-right residential FAR 3.0).
This property is being marketed primarily for land value and redevelopment potential. The R6A zoning supports a mid-rise residential building under Quality Housing regulations, making it an ideal canvas for a builder seeking to capitalize on Astoria’s continued residential demand.
With approximately 6,800+ buildable square feet, the site presents multiple strategic paths:
• Develop a boutique multi-family rental asset
• Construct a high-end condominium project
• Build a limited, luxury boutique condo product with strong sellout potential
• Long-term hold with future appreciation upside
Astoria continues to demonstrate strong buyer demand for new residential inventory, particularly boutique condominium buildings near transit and vibrant retail corridors. The lot’s 25-foot frontage allows for efficient floor plates and practical unit layouts — a key advantage for condo developers focused on maximizing sellable square footage.
Highlights:
• 25’ wide lot frontage
• Approx. 2,293 sq ft lot area
• Zoned R6A
• Approx. 6,800–6,900 buildable SF (as-of-right)
• ~70 ft allowable height (subject to Quality Housing regulations)
• Ideal for rental or condominium development
• Existing structure conveyed as-is
This is a strategic acquisition opportunity for a builder or investor seeking both immediate land control and long-term condo upside in one of Queens’ most resilient residential markets.
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Home facts
- Year built:1901
- Listing ID #:965832
- Added:1 day(s) ago
- Updated:March 02, 2026 at 12:46 PM
Rooms and interior
- Bedroom Description:First Floor Bedroom
- Basement:Yes
- Living area:2,108 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1901
- Building area:2,108 sq. ft.
- Lot area:0.05 Acres
- Construction Materials:Vinyl Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,750,000
- Price per sq. ft.:$830.17
- Tax amount:$7,051 (2025)
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